GBPUSD low trading range is formed between support at 1.6763 and resistance at 1.6852
Wed, Nov 18 2009, 14:31 GMT
by Tomas Cedavicius
- EURUSD Looks like bulls have reached resistance, but a possible rebound might occur. Bears can influence the bulls to surrender.
- GBPUSD Low trading range has extended, further jumping is possible.
- NZDUSD Bulls are testing resistance level, despite the bears attempt to slide downside, while support holds – buying options are better to take.
- USDCHF Neutral zone remains for this pair, situation is not very clear, but waiting with selling possibilities are better options.
- USDCAD Selling actions are on a table, potential breach by support level is still valid.
- USDJPY This pair has calmed down, but negativeness for this pair is not lost. Selling options stay.
